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rupert murdoch with tough questions later today, outraged over a string of allegations reporters for the paper hacked mobile phones to get scoops. murdoch's apologized. much more on the story justice ahead on "world business today." one of the first journal itss who exposed phone hacking by "news of the world" has been found dead. sean ward said andy coulson hacked into phones. police are not treating the death as suspicious. >>> a u.s. official says a meeting between the u.s. and libya at the weekend was meant to deliver one message, that moammar gadhafi must go. libya called the face-to-face talks in tunisia a first step. the u.s. says the meeting was a one-off event. >>> the women's world cup team soaked up the limelight after bringing japan its first cup title. japan's the first asian nation with a world cup championship. those are the headlines. auto' jane verjee at cnn in london. "world business today" starts now. >> a very good afternoon to you from cnn hong kong, i'm alicia tank. >> good morning from cnn london. you're watching "world business today." time to testify, new
finance and criminal allegations, the whirlwinds rocking rupert murdoch's mighty mediame empire. >>> markets in europe are deep in the red on heels of steep markets across asia. how are things moving where you are? >> down, a third session of losses and quite heavy ones. let's check in with the markets. really quite heavy, off by more than 2%, comfortably more than 2%, and with the paris and zurich off by 2.1%, zurich off by more than 2.1% and the same theme as we saw in monday's session which is the banks very heavily being sold at the moment heavily, there is clearing great deal of worry about the contagion spreading to italy about this moving into a generalized crisis with a lot of banks really coming under pressure with non-performing government bonds on their books, and just one other theme, thomas cook is down on a profit warning, but really the whole worry about italy's finances very much putting all of that in state and look at that on the milan stock exchange we're looking at a punishing session off by 4.25%. let's move on to the currency markets not surprisingly we're
of the murdochs flat out lied when he spoke to the government leaders earlier this week, and he joins us from london when we come back. >>> new developments in britain's phone hacking scandal in depth tonight as the son of rupert murdoch comes under scrutiny. scotland yard was urged to open a criminal investigation into claims that the news corp. lied to parliament. this after a day of two former employees accused murdoch of giving mistaken evidence. he was the one hammering away at both murdochs about what they knew and when they knew it, and tom watson joins us from london. thank you so much for being here. you say this is the most significant moment in two years of phone hacking investigations, and it all centers on an e-mail involving an ex-news of the world reporter. explain. >> yes, the significance of this is the top team of news of the world are fragmenting. for the former lawyer to accuse murdoch of misleading parliament is serious in itself, and if he is accurate, and james murdoch disputes it, but if the lawyer is accurate it shows that james murdoch knew there was other criminal w
stories, this friday, july 8th. news corp boss rupert murdoch folds his tabloid. >>> shuttle "atlantis" files up for one final foray. >>> and harry potter fans unite for one last wave of the wand. >>> it's the end of the "news of the world." that shamed british sunday newspaper is shutting down. after this weekend's edition and 168 years of history, the last edition of the "news of the world" will have rolled off the printing presses. >> now, as outrage spread from the public to the politicians and finally to the advertisers, rupert murdoch took decisive action. his son, james, announced the paper would close after this coming weekend and that all the staff would be out of a job. james, of course, is the chairman of news international. he posted his statement online for all to see. the key line in that statement, the news of the world is in the business of holding others to account, but it failed when it came to itself. charles? >> it appears that failure could lead to the arrest of this man. former editor andy coorson. reporting suggest that he is supposed to turn himself over this mo
-out quarter. >>> media mogul rupert murdoch and his son faced certain questions from uk legislators. now the phone hacking saga rolls on with a new parliamentary report saying murdoch's news international, quote, deliberately tried to obstruct a police investigation into the now defunct "news of the world". in the meantime, prime minister david cameron is getting ready to make an emergency statement on this crisis after flying back early from a trade trip to south africa. >>> many of us here in hong kong watched that testimony and we stayed up pretty late to watch it. rupert murdoch denied any knowledge of phone hacking at the "news of the world," but it was his son james who actually did most of the talking, intervening when his father seemed at a loss for words. it was murdoch's wife wendy who intervened in a very different way. dan rivers has the details for us. >> i would just like to say one sentence. this is the most humble day of my life. >> reporter: this was how rupert murdoch started. despite his apparent contrition, he surely had no idea what was about to literally hit him. wh
of responsibility. >>> media baron rupert murdoch has abandoned his attempt to take over bskyb. it was dropped after all the parties in parliament called on murdoch to dump his plans to pursue it. at least four members of the u.s. congress want the government to investigate whether u.s. citizens were victims of phone hacking by murdoch's media outlets. international journalists were attempted to hack into the phone messages of 9/11 victims. > ruling party officials say mr. salih will go back after he's 4 surgery. >>> those are the headlines. those are the headlines in cnn in london. "world business today" starts now. >>> very good morning to you from cnn rome. >> and good afternoon from cnn hong kong. i'm pauline chu and this is "world business today." these are the top stories on this thursday, july 14th. running on empty and running out of time on both sides of the atlantic. there's a tense stalemate in washington as lawmakers fail yet again to head off the looming debt default. >>> meanwhile, italy races to push through austerity measures and restore confidence in the country's economy. >>> plus,
david cameron, and the culture secretary on either side of rupert murdoch. the pressure is rising on the media mogul. it was britain's worst peacetime act of terrorism. but now, there are concerns that families of those killed on 7/7, in 2005, were also eavesdropped upon by the british tabloid, "news of the world." graham lost his son, david, in the attack. and says his phone may have been hacked by reporters. >> the thought that somebody may have been listening to me begging for david to phone home. i thought we were in a dark place and i didn't think anybody could make it darker. but i'm proved wrong. >> reporter: the phone hacking scandal is so shocking, it's prompted an emergency debate in britain's parliament. >> it's make the public. and i feel so appalled by what's happened. murder victims, terrorist victims, who had their phones hacked. that's why there's a full police investigation, with all of the powers they need. we have the inquiries to get to the bottom of what went wrong. >> reporter: it's put former "news of the world" editor, rebecca brooks under incredible pressu
. >> two "news of the world" executives are disputing rue put murdock's testimony. they say murdoch misled the committee last week when he said he was not i ware that the hacking went beyond an e-mail. >>> the steamy heat that's been roasting the midwest, u.s., is now heading to the east coast. some 60 temperature records were shattered on saturday. they blame the heat for at least two deaths. in minneapolis the marquis reads we have air conditioning. who cares what's playing. those are the headlines from cnn, the world's news leader. i'm monita rajpal. "world business today" starts right now. -- captions by vitac -- www.vitac.com >>> good morning from cnn london, i'm nina dos santos. >> and from cnn hong kong, i'm manisha tank. these are the top stories on july 22nd. >>> now the real test is what do investors have to say about it. >>> deadlocked. debt talks may be little progress as a default deadline gets closer. >>> and the uk phone-hacking scandal takes dramatic new twist as james murdoch is accused of misleading mps. >>> before all that, a bailout and a default of sort. european leade
on the right with rupert murdoch on the left. she could be questioned by police today. les hinton told investigators in 2007 that the firm hiking was limited to one reporter. news internation nal said that that conclusion was based on an examination of 2,500 e-mails. but the shocking resch lagss continued to pile up and i suppose the rest is history and now media mogul rupert murdoch has flown no to take part in what is just a mench. he's trying to save the takeover of his british sky broadcasting known as b sky b. it does have the backing of news corps. despite that monday's independence says the deal appears, quote, dead in the water, pauline. >> well, charles, let's take a look at how all of this has affected the stock. it's dented news corps shares. it was one of the worst performing stocks on the sydney today, down 5.1%. at the close on this monday, it was selling at 15 aussie dollars. with the deal in question, it could slide even further. charles? >> don has been following this saga and joins us outside the house of commons. dan, what is the mood. is there a mood to stifle this
. >>> the british government looks to back calls from rupert murdoch to drop his bid for bskyb as phone hacking allegations surrounding his uk newspapers continue to chip away at the value of his entire media empire. >>> china's building boom shows no signs of slowing down much to the dismay of this man who calls this makeshift building his home. [ female announcer ] now you can apply sunblock to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. [ding] announcer: clean kitchen surfaces, utensils, and hands with soapy water. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back. live from rome and hong kong, you're watching "world business today" on cnn. >>> for media tycoon rupert murdoch, the sky may indeed be the limit. we're talking about british sky broadcasting. a downing street source tells c flfrnlthsn the british government will back
of the murdoch-controlled company fell sharply as the fallout continues from the phone-hacking scandal that has shut down the "news of the world" tabloid. the controversy has reached the highest levels of the london police force. this is the metropolitan commissioner. he resigned on sunday with his ties with neil wallace who was arrested last week. stevenson insists that he's done nothing wrong. >> as commissioner, i carry umt mat responsibility. with hindsight i wish we had -- i didn't and that's that. i do believe, though, that on its own, this would not be a matter that comes to my position as commissioner, however, the issue of my integrity is different. let me state clearly i and the people who know me know that my integrity is completely intact. i may wish we had done something differently but i will not lose any sleep over my personal integrity. >> well, in his resignation announcement, stephenson also drew attention. the editor of the guardian newspaper explains. >> there is an interesting paragraph in his statement where he seems to lob a hand grenade on number 10 downing street. he's
top business stories we're following this hour. "the guardian" says james murdoch appears to have given misleading testimony to a parliamentary committee on tuesday. murdoch testified that a victim of his company's phone hacking was given about $400,000 in a secret settlement. but the paper says the payment was nearly $700,000. the total paid to keep the case out of court was $1.6 million. >>> wells fargo has been hit with a regard $85 million fine. the federal reserve says the bank pushed home buyers into expensive, risky mortgages and falsified loan applications. in agreeing to pay the fine, wells fargo did not admit wrongdoing. >>> japan's economy is recovering from the earthquake and tsunami that hit in march. a trade surface of nearly $1 ear that japan had its second-greatest trade deficit ever. >>> as sales on devices like the ipad soar, there's been increasing speculation that the age of the p.c. or personal computer may soon be over. no one has told the chipmaker, intel, that, which is celebrating its record earnings today. we'll have that and more on today's show. >>> a w
. together those five brands bring in an estimated $3.2 million for the rupert murdoch owned newspaper. pretty significant business on the line. all of this comes as murdoch's own news corporation aims to take over british sky broadcasting. discussions on that have been going on for months. there's also been widespread opposition to that planned takeover. and just yesterday reacting to fresh allegations, the former deputy prime minister lord prescott began calling for the takeover to be blocked. john prescott himself is one of many politicians to have his phone hacked alongside numerous celebrities, stars and aides to the british royal family. as dan rivers reports, even though phone hacking revelations are nothing new, it dates back further than many realized. >> the murder of the 13-year-old schoolgirl milly doward in 2002 appalled britain. last month her killer, lev levi belfield was finally convicted. this is now come up with another inquiry, phone hacking. the scandal relates to the illegal tabloid practice of accessing cell phone messages left for celebrities in order to get stor
Search Results 0 to 24 of about 25 (some duplicates have been removed)